Morning Alerts for September 13: Pall Corp. (PLL), Vical Inc. (VICL), Pier 1 Imports Inc. (PIR)
Shares of Pall Corp. (NYSE: PLL), a supplier of filtration, separation and purification technologies, are climbing in today’s trading.
At last check, PLL shares were trading 8.10% higher at $62.87, with volume at 341,955. The stock touched an intra-day high of $63 in today’s trading.
PLL shares are soaring in today’s trading after the company reported its fourth-quarter financial results. For the fourth quarter ended July 31, 2012, PLL reported sales of $783.7 million, compared to $780.4 million reported for the same period in the previous year.
The company’s diluted earnings per share for the quarter were $0.73, compared to $0.82 reported for the same period in the previous year.
Larry Kingsley, president and CEO of Pall Corp., said that PLL executed a solid fourth quarter. Kingsley said that PLL focused almost exclusively on restoring customer service levels and has recovered from the ERP implementation challenges in the third quarter of FY12.
Shares of Vical Inc. (NASDAQ: VICL), a biotechnology company engaged in the research and development of products based on its DNA delivery technologies for the prevention and treatment of serious or life-threatening diseases, are soaring in today’s trading.
At last check, the small-cap stock of VICL was trading 6.55% higher at $4.02, with volume up from daily average of 325,148 to 1.19 million. The stock touched an intra-day high of $4.24 in today’s trading.
VICL shares are soaring in today’s trading after the company granted a worldwide non-exclusive license to Bristol-Myers Squibb Company (NYSE: BMY) of its patented platform DNA immunization technology and its Vaxfectin® adjuvant for use in the production of antibodies.
Vijay B. Samant, president and CEO of Vical, said that VICL is pleased to enter into the agreement with BMY recognizing an important application of its DNA immunization technology.
Shares of Pier 1 Imports Inc. (NYSE: PIR), a specialty retailer of decorative home furnishings and gifts, are marginally lower in today’s trading.
At last check, PIR shares were trading 0.61% lower at $19.44, with volume at 745,398. The stock touched a 52-week high of $20.30 earlier today before paring its gains.
PIR today reported its financial results for the second quarter ended August 25, 2012. The company’s comparable sales for the quarter rose 6.7%. Gross profit improved 160 basis points to 41.2% in the second quarter. The company reported a 36% in its operating income for the second quarter.
PIR’s earnings per share for the quarter were $0.24 on a GAAP basis and $0.19 on a non-GAAP basis.
Alex W. Smith, president and CEO of Pier 1 Imports, said that the company is pleased to report its 12th consecutive quarter of strong comparable store sales gains and profit growth. Smith said that PIR’s sound strategies and focus on flawless execution ideally positions the company to achieve continued growth and long-term success.
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